Trade Agreement El Salvador - Belize

Negotiations have begun on issues such as market access, SPS, Trade Protection, Dispute Settlement and Institutional Arrangements.

Friday, February 22, 2013

From the press release issued by the Ministry of Economy of El Salvador:

Negotiating teams from Belize and El Salvador met in San Ignacio, Belize, on February 19 in order to begin negotiations for a Partial Scope Agreement between the two countries. The agreement aims to deepen trade relations and cooperation through preferential tariffs and laws aimed at this purpose.

As a result of negotiations, we have managed to make significant progress on issues such as market access, SPS, Trade Protection, Dispute Settlement and Institutional Provisions of the Agreement.

We have also managed to close the chapter on TBT rules and most policy issues regarding Rules of Origin. Still pending for future negotiation rounds are Annexes on tariff preferences and specific rules of origin.

This initiative is part of the strategy of diversification of destinations for the range of Salvadoran exports promoted by the Ministry of Economy, which specifically aims to open up business opportunities in the market of the Caribbean Community, CARICOM.

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Costa Rica Accuses El Salvador of Violating FTA

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The country has invoked the dispute settlement mechanism of the CAFTA-DR, over alleged violation by El Salvador of the tariff reduction program.

From a press release issued by the Ministry of Foreign Trade of Costa Rica (COMEX):

The Ministry of Foreign Trade has requested the consultations mechanism against El Salvador, under the dispute settlement process of the Free Trade Agreement between Central America, the Dominican Republic and the United States of America (CAFTA), after a refusal, on the part of Salvadoran authorities to implement the tariff reduction program outlined in the aforementioned treaty on the import of products originating in Costa Rica.